Today news
Related News
Developer behind stalled Manchester building projects hit by £1.7m tax bill
Reading now: 904
manchestereveningnews.co.ukGet the day's biggest stories sent direct to your inbox so you never miss a thing A developer linked to several stalled building projects which is being investigated by the Serious Fraud Office has been hit with a tax bill of more than £1.7m.
North Point Global Ltd (NPG) and its subsidiary companies are already said to owe around £40m to investors who ploughed cash into developments in Manchester and Liverpool.
Among the projects is The Element, a proposed apartment block on Warwick Road in Old Trafford which was never built. Investors put £7,565,516.74 into the venture which later collapsed into administration.
The development company has now been dissolved. Companies House documents reveal investors were paid 17p in the pound, which
Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
